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strbear

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Everything posted by strbear

  1. http://online.wsj.com/article/SB1187799882...p_us_whats_news SB
  2. Dear TLB I think these guys are bulls who have not yet realised that if the market turns sour they will be left holding property. One of my clients has been doing this for 2 years taking advantage of the debt / IVA / bankruptcy issues - they buy at -20%, rent back or sell the property and have been making good margins for the last two years. There are more of them about as "property experts" look to get their hands on cheap property. But as the saying goes, when you see a bandwagon its too late to get on it, so I think we're seeing dumb money following good and thats a sure sign of the end Regards SB
  3. Sorry to say this but; 1) You're suggesting a high barrier to entry means a course involves academic rigour - not true, there are too many applicants hence the high barrier. Everyone knows Medicine is a 3 Cs course but you have to have 3 As - its to guarantee your doctor has no interpersonal skills and a high degree of arrogance 2) Applied golf management is a vocational course (note the word applied) - it should be a vocational qualification. The issue here is one of snobbery by the government between academic and vocational qualifications - its time for common sense. Yours SB BEng(Hons), MSc, MBA - doesn't make me clever though!
  4. More detail of the claim Umm - it gets more interesting as it unwinds SB
  5. Its all starting to come apart at the edges SB http://online.wsj.com/article/SB1187639420...p_us_whats_news
  6. http://www.latimes.com/business/la-fi-coun...=la-home-center Enjoy it - it won't happen here of course SB
  7. Try this news Also walmart is warning of worse trading conditions If we fall through 13000 then . . . . . . SB
  8. Ah I've seen these - they are a lounge / diner / kitchen with 2 equal sized bedrooms off it each with an en-suite - Ideal is 2 friends buy it and share the living space but each has their own bedroom - great marketing - lousy proposition. Regards SB
  9. Enjoy it http://www.ft.com/cms/s/bb4affb8-4a0f-11dc...00779fd2ac.html Rocky road anyone - no not the ice cream! SB
  10. Article at http://business.timesonline.co.uk/tol/busi...icle2253663.ece Enjoy SB
  11. Article at http://www.ft.com/cms/s/8dd25ff4-499c-11dc...00779fd2ac.html Enjoy SB
  12. Here is one with a bit of discount - an off plan flat at Bridgewater place Buy now and get 14% off - I suspect its only the start of the slide . . . . . . . . . . . Regards SB
  13. From today's Telegraph http://www.telegraph.co.uk/money/main.jhtm...11/cnfsa111.xml SB
  14. RB Thanks for that. One of the things about the LA (and to a lesser degree the SF markets) demonstrates to me is a London like attitude of "it may be happening in the rest of the US but it won't happen here" approach - so to see the LA Times have a significant piece like this tells me things really are turning. I've had no doubt they (LA,SF and SD) have had real problems but the sentiment in the press seems to be changing from can't happen here to might happen here. SB
  15. Go on Slurms - everthing I try and add never quite makes it to the website - it must be a bad comms link or something - have a go and see what happens. SB
  16. I'm keen for a property in LA but the prices have been sky high (no surprises there then) - I follow the LA times and they have been running pieces on the slowing market for months BUT today is the first real negative piece I've seen - its tales of people suffering a major downturn because they are employed in the housing industry. I know most will skirt this but I think its a strong piece of anecdotal evidence things are turning over there, Snipe away, http://www.latimes.com/business/la-fi-home...=la-home-center SB
  17. I'd look in the haunted house on the hill with the mysterious old guy - if its not there ask Shaggy - I'm sure he might stumble over it. Ohhh - I'd have gotten away with it if it wasn't for you pesky young kids!!!!!!! SB
  18. Has David been outwitted by a young staffer? Well we all know the answer to that! http://business.timesonline.co.uk/tol/busi...icle2237729.ece Wow, what insight these people have. Oh, and apparently the UK MAY have a debt issue! http://business.timesonline.co.uk/tol/busi...icle2237727.ece SB
  19. Anyone want to prdict the closing point today - I'm going for 6100
  20. Si1 I agree completely re Leeds - I have NO idea why anyone would want to live in the city centre - they've built 8,000 2 bed flats and are building another 8,000 for the "young professional" market but there aren;t 16,000 YPs in Leeds let alond 16,000 YPs who want to live in the city centre. Had they built villages (ie houses with gardens they might have sold them but I think its only going to go one way. Regards SB
  21. Article at http://www.ft.com/cms/s/9a4cabc4-464d-11dc...00779fd2ac.html SB
  22. http://online.wsj.com/article/SB1186350124...p_us_whats_news Correlated / systemic - does wording make a difference to your pension?
  23. New builds have both a rental premium AND a cost premium - trouble is within 3 years its lost both. I'd always go for new builds falling the most - where I live character older properties demand a premium and always will - shoeboxes don't - look at the Manchester flats scenario - the premium flats of 03 are now the DSS lets . . . . SB
  24. TEIN Do you mean the article in the telegraph? http://www.telegraph.co.uk/property/main.j...e-dales-121.xml I'd agree with you about the Ilkley market - on page two of the article it says its the most expensive town in the North with average prices of over £300K. I think the money in Harrogate/Ilkley comes from two areas - those with high incomes (Financial Services in Leeds, Lawyers etc) and those with their own businesses - I wonder how many of the millionaires get there due to the value of their house and how many have the liquid assets to support such a lifestyle? It used to be that southerners moving North could buy in the Duchy and still have £500K left over but those days are long gone - buying in Ilkley isn't far off buying in Chelsea these days. Anyway the test of time will tell - is it real money or debt? I think I know the answer but we'll see over the next few quarters, Regards SB
  25. TEIN I think you're right about this - there are a few unique factors to the Harrogate market 1) Its a self contained market - more people move within Hgate rather than in and out 2) There is a very limited new build capability 3) House prices are massively disconnected from "average" salaries I think what happens is those who want to trade up get more for their money but at a certain point you need to make a BIG jump to see the difference - I'd say this is around £250 K and 500K - so the sub 250K market moves whilst the 500K market stagnates - afterall how can you afford to add 200K to your mortgage if you eraning an average salary. Its also the aspirational nature of the mid value Harrogatians - some of them would rather hold tight than than be seen to have sold their property for less - so my view is when it does go its going to go in a very big way, it might just be some time whilst this stand off holds. Regards SB
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